Filter Posts

Reset
Found 87 Results

Advance Authorisation Scheme under FTP

Article discusses Benefit for Advance Authorisation License holder, Who can Avail the Benefit of Advance Authorisation, Maximum limit for the License value, How to Avail the Benefit under Advance Authorisation, Conditions for Advance Authorisation scheme, Currency for the realization of Export Proceeds, Validity period of the License, Tim...

Read More
Posted Under: DGFT |

How to gain competitive edge in international markets & trade fairs?

Trade fairs are a great way to unlock huge potential to generate new business and expand business to new/emerging markets. Participating at a trade fair where you would be meeting exhibitors from many countries, is in itself a huge opportunity. Let’s prepare thoroughly and make the most of this opportunity! We can help you prepare [&hel...

Read More
Posted Under: DGFT |

All Industry Rate available to Deemed Export Supplies

DGFT has recently made amendments in chapter 7 of FTP 2015-2020, wherein they have allowed industry to take benefit at All Industry Rate of Duty Drawback schedule notified by department of revenue in case of deemed export supply....

Read More
Posted Under: DGFT |

Guidelines to importers of Tobacco and Tobacco Substitutes

How to import Tobacco and Tobacco Substitutes A basic idea about formalities and procedures to import Tobacco and Tobacco Substitutes from overseas countries are explained in this category ‘Import procedures’. These details are given to enlighten importers, a general tips to import goods from overseas countries applicable to almost al...

Read More
Posted Under: DGFT |

Import Procedure

1. The initial step engaged in importing a product is to accumulate information about the nations and firms which send out the item required by the exporter. It can be accumulated from trade directories, trade organizations, and associations. The exporter readies a quotation otherwise called Performa Invoice and sends it to the importer. ...

Read More
Posted Under: DGFT |

Drawback on deemed supplies under FTP

In the present policy, the physical exports wherein goods move out of India are eligible for drawback and MEIS benefits. The deemed exports such as removal of goods to advance license holders / EOUs are eligible for duty drawback, refund of terminal excise duty for specified excisable goods and for advance license on annual basis....

Read More
Posted Under: DGFT |

Incorrect Data in certain IECs

The Director General of Foreign Trade (DGFT) has recently issued a Trade Notice No. 39/2019-20 dated 19 November 2019 to highlight Incorrect Data in certain IECs (Import Export Code number). Please find below synopsis of Trade notice for your reference: On analysis of the DGFT IEC database, it has been observed that there are certain da...

Read More
Posted Under: DGFT |

CCC, Mumbai-II: Actions needs to be taken to help Exporters & Mitigate Corruption-2nd story

The Finance Minister assured that the refunds of the exporters will be handled on top priority. However, if the field formations are run as personal fiefdom, there is no scope for any success. More so when you are working in a legally oriented manner i.e. you are citing the responsibilities & obligations of the officials […]...

Read More
Posted Under: DGFT |

Indian Export Promotion Schemes Should be in-line with WTO Norms

Foreign Trade Policy 2015-20 and other schemes provide promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field. At present there are multiple export promotion schemes as per FTP – 2015-20, as shown below, but none...

Read More
Posted Under: DGFT |

All about Import Export Code (IEC) registration

Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. Without IEC no person is allowed to export or import goods. Certain category of importers and e...

Read More
Posted Under: DGFT |